Insurance Talk V6!, Everything about Insurance
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 Sep 3 2020, 10:14 AM
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#1
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Junior Member
86 posts Joined: Feb 2016 
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HLA is increasing my premium by 2 times of what I am paying now if I want to be covered until 100yrs old. When I first bought it, the coverage is meant for up to 100yrs old but recently my agent told me that with current projection, the coverage is until 60yrs old only. Is other insurance company also increasing the premium annually?
This post has been edited by chockie: Sep 3 2020, 10:15 AM |
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Sep 3 2020, 10:45 AM
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#2
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Junior Member
86 posts Joined: Feb 2016
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QUOTE(lifebalance @ Sep 3 2020, 10:19 AM) For hospitalization wise, it's not covered since it's an elective surgery Appreciate the feedback. Is it okay if I don't top up now and do it maybe 2~3 years later? Mine is mainly medical card and the increase is insane, more than twice of what I am currently paying.If your policy was bought prior to Jun 2019. Insurance companies were not required to disclose how long your policy was sustainable within your policy. They only show your term of coverage which is "up to age 100". With the new guideline by BNM to insurance company, you are able to see that your sustainability is only until "age 60" instead of "age 100". So there you go. As for any other insurance company, Great Eastern had increased it's premium recently, up to 35% depending on the plan selected.  |
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